The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-27
DOWNWARD TENDENCY
OF PRICES OF THE NECESSARIES
OF LIFE In
Nearly All Directions Steady, Not
WIthstaading the Flurries Ia New
York and Chicago.
lspEorAL TO rHsAPPRAL.l

nearly all directions. Large sglicul.
tura, areas will be reduced TO culiya-
ton by next season. The production
of wheat, corn Spd oats, as well as Of
cotton and wool, will be consider bly,
iutre lsed by the ntxt 6eseon, TIE
distribution of ali the staple products
of the country continues in most sat
isiactory way. Consumers are pur-
chasing only for actual requirements,
and this makes prices weak, hnt pre-
serves the market free from hdciua-
tions for the future. Trade Ia moder-
ately active in all great centers. The
earnings OF l0l railroads for the first
fiVe months Of this year are 164 per
cent. greater than for the same time
last year. For every S7S expended in
building operations last year, no 10
this year, so far as our reports 70, 800
has been expended this year. Real
estate transactioJs for five months
show an increase OF one.half, over the
transactions for the first five moa.hs OF
last year.
The bank clearings at thirty eight
cities show an increase OF per cent.
over the previous week, and IL Per
cent. over the same week last year.
The labor strikes show an svsrage Of
400 daily since June 1st. Ths strikes
have been going against majority OF
the workmen engaged. The various
labor organic Itions are taking moro
conservative grounds, aud employers
are encouraged by this fact to bslieve
that no serious disarrangements will
occur through the rect OF the season.
A great deal Of complaint is made In
trade and manufacturing ciRcles about
dullness and low prices prevailing.
Activity and high prices at this time
would be the worst bleesings the
country could have. There is already
too much fsverishness to expand pro-
ductive capacity in every direction,
too great desire to invest money In
any channel where 1t p omises 4 mod.
crate return. 1t Is better that there
should be q curb or n restrsint put
upon the feverish enterprise OF the
country. No longer than yeas aga it
Was said that The country had capacity
to make in eight months what 1t need
cd in twelve. This was mistAhe, as
the history Of the past eight months
has demonstrated, and 1t would be a
mistake to say that the present pro.
duction will answer for the demands
OF the next twelve months.
The manufacturing interests through
out the country are, for the most
part, very busily engaged In prepSra.
ton for the fall and winter densnd.
TIE reports heretofore given Gs 70 the
activity for all kinds Of cheap aud
dear cotton goods are still true, The
demand for WOODEN and worsted goods
Is beginning to improve. u cher
prices for wool will be establlshed.
The general belief Is In comE fcial
circles that the demand Tor altixisln
OF wearing apparel aad rnanufac3ufec
products will be sufficient TO keep our
mill capacity busy and prices fiPn.
Tie Boston market is active in am
ber, leather, dry goods, and in general
merchandise, Throughout Rhode Is.
land the wooden mills are little
slack. In Philadelphia the textile aud
iron and steel mills are all busy, In
Pittsburg good deal of apprehension
exists as to the outcome of the confer.
ence in the iron trade this week over
the demand for 10 per cent. advance.
In Chicago dry goods are particu-
larly active, and there is an improving
movement in iron, steel, coal, lnmber
and staple groceries. In Milwaukee
there is a general improvement in
trade among retailers. In Omaha
there is great activity in building.
Money is easy, lumber is coDiD4 Ia in
largs quantities, real estate is active,
AMI all things point TO a favorable
season.
la Savannah great dealoi business
Ia in progress for lumber if North At
lAntic markets. In Galveston busi-
ness s rather quiet, az is Usual at this
season. The speCu a:ors iubYeajstuffs
have been sufficiently soaied to make
the country at large feel sale from sn-
other attempt of the reCent kind. The
small shopkeepsrs are dong an in
creasing business, and this distribution
is destined TO reflect itse Ia July and
August on the wholesale interests.
The railroad managers are increas.
ing their orders for all kinds OF rail-
way material, from cars and locomo-
tives down to everything entering into
railway construction and fnishment.
Within a month orders for no less
than 10000 cara have been placed.
Since the 1st Of June the business In
steel rails, either actually placed or
under inquiry, will reach 200, 900 tons.
Labor organizations are climbing
into permanency with as iow ele-
ments OF disiutegration aH could be ex-
pected under the circumstances. o.
ganizad labor has grown wonderfully
IN intelligence during the past few
years. This Is shown In the character
Of the lecturers who are listened to In
the discussions in thsir societies, In
their contributions 10 some Of their
organs, in their discussions in boards
OF arbitration and in their intercourse
with employers when arguing wages
questions.
The Henry George movement threat
ems to be Jonah to the sbor move
ment, The tens Of thousands prefer
to stick to trades unionian, pure and
simple, and TO let land reform 70. The
parade last Saturday niEht In New
York had 10000 workmen, mostly
Catholics, and is an evidsncp 20 the
public and the Pops that DR.. Aetjlynn
and his land theories have ifiends in
America who are not airaido or ashamed
to be seen and heard.
The Fourth Of July will be cele-
brated by labor organizations especial
ly, and by the public at large, as it was
never before celebrated, and this Gus
tom will have much influence in scat
tering true comprehension OF repub.
liCauism and democracy.
Workingmen generally are earning
good wages. The anthracite miners
have wisely concluded 10 make no
effort TO increase wages. They have
been outgeneraled by the great con.
trolling monopolies. Though defeated
for the time being, they will DO heard
from wnen the propsr time arrives.
The price Of anthracite will be Rd.
ysnced 10 cents on July lst aud a
crumb Of comfort In the shape OF a
/ cent advance will likely be grAnted.
Bituminous coal will also be advanced
| 10 cents at the same time,
s.aa "a kafNRa. T..